November, 2020

• 22 November

  Ministry, SIB to build new dialysis facility

  

  SHARJAH / WAM The Ministry of Health and Prevention (MoHAP) has signed a Memorandum of Understanding, MoU, with Sharjah Islamic Bank (SIB) to develop a dialysis centre in Sharjah. The MoU aims to boost strategic partnership and mutual cooperation between the two entities and will help patients get technologically advanced health services according to the latest international practices. It also ...

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• 22 November

  Badiri Academy expands horizons with diverse range of e-learning opportunities

  

  SHARJAH / WAM Badiri Education and Development Academy, the education and capacity building arm of NAMA Women Advancement Establishment, has rolled out its November webinar series in partnership with leading educational and professional institutions in the UAE and abroad. With a focus on a holistic approach to learning, balancing professional and personal development, Badiri has designed five virtual workshops with ...

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• 21 November

  Joe Biden risks ceding Asia’s digital oil to China

  

  Now that Asia has stitched together the world’s biggest trading bloc, US financial and tech firms ought to be more than a little worried. The Regional Comprehensive Economic Partnership, or RCEP, will bind the 10 economies of Southeast Asia with China, Japan, South Korea, Australia and New Zealand, creating a prototype of what my colleague David Fickling describes as “a ...

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• 21 November

  Chinese tech firms ‘need to disappear’

  

  For Chinese technology companies, January can’t come soon enough. Giants from Huawei Technologies Co. to TikTok owner ByteDance Ltd can have no doubt left: There will be no let-up in the Trump administration’s efforts to entrench its China policy before leaving office. That’s undermining hopes that a change of US president might lead to an easing in the technology cold ...

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• 21 November

  Inflation may be about to pick up sharply

  It may seem strange to be worried about inflation in the midst of a global recession, a pandemic and huge political ructions in the US. How fast this happens depends on how quickly the developed world recovers over the next few months, but pressures are building. As has been the case for many years, global inflation has “Made in Asia” ...

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• 21 November

  City of London wants to clean up the world

  Britain believes it has chosen the ideal moment to throw its weight behind a financial innovation that might help save the world. As part of Prime Minister Boris Johnson’s blueprint to fight the climate emergency, the UK is exploring the creation of a London-based international market in carbon offsets, carbon credits and derivatives linked to emissions-cutting investments. The plan sounds ...

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• 21 November

  US’s vow of early Afghanistan exit raises threat of resurgent Taliban

  

  Bloomberg Afghanistan’s government is struggling to maintain its grip on power after President Donald Trump’s decision to accelerate US troop withdrawal from the war-torn nation emboldened the Taliban and other extremists groups. The United Nations has noted a dramatic surge in violence since Afghanistan President Ashraf Ghani’s government and the Taliban began peace talks in September, ranging from attacks on ...

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• 21 November

  Ethiopian PM dismisses African mediation talk

  Bloomberg Ethiopia’s Prime Minister Abiy Ahmed said he will meet with the three envoys appointed by the African Union, dismissing a move by the regional body to mediate a conflict between the federal government and the northern region of Tigray. The African Union named three former heads of state as envoys. The PM’s office said that news of envoys traveling ...

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• 21 November

  National Bank of Hungary pushes asset-purchase plans

  

  Bloomberg Hungary’s central bank is about to take its $2.5 billion asset-purchase program to the next level as it prepares to buy the bonds of a company owned by one of its entities. The debt sale under the central bank’s plan, flagged in a corporate filing, may further blur what’s become a hazy boundary on what central banks around the ...

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• 21 November

  Thailand moves to cool baht rally

  

  Bloomberg Thailand relaxed rules on capital outflows and will increase scrutiny of fund flows into bonds to help cool a currency rally that threatens its economic recovery from the pandemic. The Bank of Thailand (BOT) moved forward measures that were supposed to begin early next year, most of which will now take effect from end-November. The rules will make it ...

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